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Schlumberger Limited - SLB STOCK NEWS

Welcome to our dedicated page for Schlumberger news (Ticker: SLB), a resource for investors and traders seeking the latest updates and insights on Schlumberger stock.

Schlumberger Limited (SLB) is a global leader in providing technology for reservoir characterization, drilling, production, and processing to the oil and gas industry. Operating in more than 85 countries and employing a diverse workforce of over 140 nationalities, Schlumberger offers a comprehensive range of products and services. These extend from exploration through to production, including integrated pore-to-pipeline solutions that enhance hydrocarbon recovery and optimize reservoir performance.

SLB is the largest oilfield service company in the world, renowned for its expertise in various disciplines such as reservoir performance, well construction, and production enhancement. In recent years, SLB has also ventured into digital solutions, maintaining its status as a leading innovator in the industry. This continuous innovation has helped the company secure a dominant share in numerous end markets.

Among its recent achievements, Schlumberger has made significant advancements in digital technology and sustainability efforts. Their cutting-edge digital platforms aim to transform the way oil and gas operations are conducted, enhancing efficiency and reducing environmental impact.

Financially, SLB has demonstrated resilience and growth, marked by robust quarterly earnings and strategic partnerships. The company remains committed to driving progress in the oil and gas industry, making it an attractive option for investors looking for stability and innovation.

Stay updated on the latest developments, financial performance, and projects of Schlumberger Limited by visiting their official website or following the latest news releases.

News

SLB Announces Collaboration with Geminus AI

Rhea-AI Summary
SLB (NYSE: SLB) announced an investment and technology partnership agreement with Geminus AI to deploy the first physics-informed artificial intelligence (AI) model builder for oil and gas operations. The Geminus model builder fuses physics-based approaches with process data to produce highly accurate AI models that can be deployed at scale, far faster and at much less cost than traditional AI approaches. This partnership aims to unlock value for the energy sector by delivering significant efficiency and productivity increases for customers.
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SLB Announces Fourth-Quarter and Full-Year 2023 Results Conference Call

Rhea-AI Summary
Schlumberger (SLB) will hold a conference call on January 19, 2024, to discuss the results for the fourth quarter and full year ending December 31, 2023. The conference call is scheduled to begin at 9:30 am US Eastern time, and a press release regarding the results will be issued at 7:00 am US Eastern time.
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SLB Collaborates with Northern Lights JV and Microsoft to Digitalize Carbon Capture and Storage Value Chain

Rhea-AI Summary
SLB (NYSE: SLB) and Northern Lights Joint Venture (NL) have signed a memorandum of understanding (MoU) with Microsoft to optimize integrated cloud-based workflows for the operation of Northern Lights, one of the first CO2 transport and storage providers for cross-border carbon capture and storage (CCS). The collaboration aims to develop scalable and cost-efficient digital solutions for the emerging CCS industry. The partnership will involve SLB extending its digital CCS workflows and numerical simulation systems on its Delfi™ digital platform, while Microsoft will deploy and extend its Microsoft Azure platform to support Northern Lights' business and the SLB digital CCS workflows. The development of an Azure-compliant open-source data platform is also part of the collaboration. Northern Lights aims to be ready to receive and store CO2 from industrial emitters in 2024, with a storage capacity of 1.5 million metric tonnes CO2 per year in the first phase.
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SLB selected by Eni for Global Methane Emissions Reporting Project

Rhea-AI Summary
SLB (NYSE: SLB) has been selected by Eni (NYSE: E) to deliver comprehensive fugitive methane emissions measurement and reporting plans for Eni's global operating facilities. The project aligns with the reporting standards of the United Nations' OGMP 2.0 and aims to provide Eni with an accurate account of its fugitive methane emissions.
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SLB Announces Third-Quarter 2023 Results

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SLB reports Q3 2023 results with revenue of $8.31 billion, a 3% increase sequentially and 11% increase YoY.
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SLB, AWS and Shell Collaborate to Accelerate OSDU® Data Platform Adoption

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SLB, AWS, and Shell sign collaboration agreement for digital workflows
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SLB Launches First-of-Its-Kind, Easy-to-Install Methane Measurement Instrument

Rhea-AI Summary
SLB's End-to-end Emissions Solutions introduces a compact methane monitoring system for oil and gas operations. The device enables fast and affordable deployment at any scale, automates continuous monitoring, and supports reporting requirements. It provides operators with industry-leading leak detection sensitivity and a practical pathway to address emissions. The announcement was made as part of ADIPEC.
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SLB Launches Carbon Storage Screening and Ranking Solution

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SLB launches carbon storage screening and ranking solution to increase confidence in site selection decisions for CCUS projects.
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SLB, Aker Solutions and Subsea7 Announce Closing of OneSubsea Joint Venture

Rhea-AI Summary
OneSubsea, a joint venture between SLB, Aker Solutions, and Subsea7, will drive innovation and efficiency in subsea production. It aims to improve asset performance, increase energy efficiency, and reduce CO2 emissions. OneSubsea's extensive technology portfolio and engineering expertise will address future market trends and needs. SLB holds a 70% equity stake in the joint venture. No concrete numbers or percentages are provided in the PR.
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SLB Announces Third-Quarter 2023 Results Conference Call

Rhea-AI Summary
SLB will hold a conference call on October 20, 2023 to discuss Q3 results. A press release will be issued at 7:00 am US Eastern time. Webcast available. Replay available until November 20, 2023.
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0.37%
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FAQ

What is the current stock price of Schlumberger (SLB)?

The current stock price of Schlumberger (SLB) is $36.83 as of December 20, 2024.

What is the market cap of Schlumberger (SLB)?

The market cap of Schlumberger (SLB) is approximately 52.3B.

What does Schlumberger Limited do?

Schlumberger Limited provides technology for reservoir characterization, drilling, production, and processing to the oil and gas industry.

In how many countries does Schlumberger operate?

Schlumberger operates in more than 85 countries.

How diverse is the Schlumberger workforce?

Schlumberger employs people from over 140 nationalities.

What are Schlumberger's core business areas?

Schlumberger's core business areas include reservoir performance, well construction, production enhancement, and digital solutions.

Why is Schlumberger considered a leader in the industry?

Schlumberger is considered a leader due to its comprehensive range of services, innovative technology, and dominant market share in various sectors.

What recent advancements has Schlumberger made?

Schlumberger has made significant advancements in digital technology and sustainability efforts aimed at transforming oil and gas operations.

How is Schlumberger performing financially?

Schlumberger has shown resilience and growth, with strong quarterly earnings and strategic partnerships.

Where can I find the latest news about Schlumberger?

The latest news about Schlumberger can be found on their official website and through news releases.

What makes Schlumberger innovative?

Schlumberger's commitment to technology and digital solutions make it one of the industry's leading innovators.

Can I apply for a job at Schlumberger?

Yes, you can apply for a position at Schlumberger by visiting careers.slb.com.

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Schlumberger Limited

NYSE:SLB

SLB Rankings

#253 Ranked by Market Cap
#1085 Ranked by Dividends

SLB Stock Data

52.26B
1.41B
0.2%
84.6%
3.07%
Oil & Gas Equipment & Services
Oil & Gas Field Services, Nec
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United States of America
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